DATAQX
Unlock Value from Data while Accelerating Breakthroughs
Introduction
DataQX is a decentralized data marketplace that enables biotech companies to securely sell their R&D and clinical trial data. By acting as a broker we dynamically price the datasets and give them the opportunity to value their data even before they actually sell it. Our platform will unlock significant residual value for founders and investors, while enabling sector-wide breakthroughs. Our goal is to start in the biotech/medical industry and then expand, ultimately creating a new public asset class.
Problem
Every year, over 85% of clinical trials fail, burning hundreds of billions of dollars and discouraging biotech entrepreneurs from taking risks—slowing innovation in the sector. Yet, these companies generate dense, high-value datasets that could fuel AI-driven drug discovery and medical advancements. This issue is not restricted to the biotech industry, and our vision is that unlocking residual value from datasets will alleviate barriers to innovation in any industry.
Opportunity
The Opportunity here is to become an AI-powered broker that is able to act as sole intermediary in these transactions by creating a marketplace-like platform where we can dynamically price datasets based on a proprietary algorithm that accounts for both general market conditions and individual factors such as correlation and diversity with buyer’s dataset – gauged through federated learning to ensure privacy.